Background*

Mr. Chum Darvall, B.A., F. Fin, FAICD has been Non-Executive Vice-Chair of Australia and New Zealand Business at Deutsche Bank AG since March 2011. Mr. Darvall served as the Chief Executive Officer at Australia and New Zealand business of Deutsche Bank AG from July 2002 to March 2011. He has a wealth of experience across the banking and finance industry. He joined Deutsche Bank in September 1994 as Director Treasury managing the money market swaps and foreign exchange ... units and group funding. Since early 1998, he served as the Head of Global Markets responsible for all debt market-related activities of Deutsche Bank. He was a part of the management group responsible for the successful integration of the New Zealand operation of Bankers Trust with Deutsche Bank in 1999. Prior to his first appointment of Deustche Bank, he worked in the financial markets divisions of Westpac from 1985 to 1994 and BA Australia Ltd. from 1981 to 1985. He has been Chairman of TransGrid since January 16, 2012 and serves as its Director. Since December 2005, he served as Chairman to the board of the Australian Financial Markets Association. He serves as a Director of Australian Financial Markets Association Limited. He serves as a Director at Deutsche Asset Management (Australia) Limited, First Australian Property Group Holding, Financial Markets Foundation for Children, and Victor Chang Cardiac Research Institute. Mr. Darvall has been a Non Executive Director of Wilson HTM Investment Group Ltd., since October 2005. He serves as a Director of Ironbark Asset Management (Fund Services) Limited. He serves as a Director of Macquarie University Council and Major Performing Arts Board of the Australia Council. He is a Member of Palisade Advisory Board at Palisade Investment Partners Limited. Since 2002, he has been Council Member of the Business Council of Australia. He serves as board member for the Australian Theatre for Young People and also the Centre for Independent Studies. Mr. Darvall is a Fellow of Australian Institute of Company Directors and Financial Services Institute of Australasia. He holds Bachelor of Arts from Macquarie University.

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